Heidmar Maritime (NASDAQ:HMR) Trading Down 0.6% – Here’s Why

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s stock price traded down 0.6% during trading on Thursday . The stock traded as low as $0.9011 and last traded at $0.9340. 90,947 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 34,179 shares. The stock had previously closed at $0.9398.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Heidmar Maritime in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Heidmar Maritime has a consensus rating of “Hold” and an average price target of $5.00.

Heidmar Maritime Trading Up 0.6%

The stock has a market cap of $54.90 million and a PE ratio of 94.00. The business has a 50-day moving average price of $0.92 and a 200 day moving average price of $1.14.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.